Itc Cigarette
ITC hits over 8-month low, falls below Rs 400 mark; down 14% post Budget
According to media reports, the Indian government could consider raising GST on cigarettes and other tobacco products to 40 per cent once levy of compensation cess on cigarettes is stopped
 "ITC hits over 8-month low, falls below Rs 400 mark; down 14% post Budget")
ITC Q3 preview: Cigarette volume may remain resilient; FMCG biz to grow 6%
Analysts and investors will keep an eye out for management's commentary on FMCG, cigarette business growth outlook
ITC share price up 5% after Q2 results; Analysts say 'Buy', revise target
ITC's consolidated profit for the period came in at Rs 5,054.4 crore, up 1.8 per cent year-on-year (Y-o-Y), from Rs 4,964.5 crore in the same quarter a year ago (Q2FY24).
 "ITC share price up 5% after Q2 results; Analysts say 'Buy', revise target")
ITC at a discount compared to large peers, says Sharekan; raises target
Sharekhan believes that ITC is entering a phase of consistent earnings growth trajectory
 "ITC at a discount compared to large peers, says Sharekan; raises target")
ITC Q1 Preview: Weakness in agri, paperboard sectors may dent Ebitda margin
On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.
 "ITC Q1 Preview: Weakness in agri, paperboard sectors may dent Ebitda margin")
From Goldman Sachs to CLSA, brokerages upbeat on this stock; details here
At 9:17 AM, ITC shares were trading nearly 0.50 per cent lower at Rs 439.45 per share. In comparison, S&P BSE Sensex was down 0.14 per cent at 75,309.65 levels
 "From Goldman Sachs to CLSA, brokerages upbeat on this stock; details here")
BAT plans to sell up to 3.5% of stake in ITC, will own 25.5% after sale
The sale of 437 million ordinary shares in ITC through a block trade, will cut the Dunhill cigarette maker's shareholding to about 25.5% from about 29%
 "BAT plans to sell up to 3.5% of stake in ITC, will own 25.5% after sale")
We want to take strategic positions in proximal markets: ITC's Sanjiv Puri
Puri told Business Standard in a recent conversation that the company would increasingly try to go outside India
 "We want to take strategic positions in proximal markets: ITC's Sanjiv Puri")
In non-cigarettes push, how ITC built more than 25 FMCG mother brands
As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses
 "In non-cigarettes push, how ITC built more than 25 FMCG mother brands")
ITC slides to a 5-month low; stock down 5% in 3 days post Q2 results
ITC was quoting at its lowest level since May 23, 2023 and has declined nearly 15% from its record high level of Rs 499.60 touched on July 24.
 "ITC slides to a 5-month low; stock down 5% in 3 days post Q2 results")
ITC AGM, Q1FY24 nos: When will the stock breakout from consolidation mode?
ITC shares have corrected 10 per cent from their record high level of Rs 499.6, hit on July 24, 2023, as investors booked profit post the hotel business' demerger announcement
 "ITC AGM, Q1FY24 nos: When will the stock breakout from consolidation mode?")
ITC hotel biz demerger allays capital allocation concerns, say analysts
Some investors may have preferred a vertical split (100 per cent direct). This move will not likely have a big implication for ITC's share price, wrote analysts at Jefferies in a note
 "ITC hotel biz demerger allays capital allocation concerns, say analysts")
ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club
FPIs increased their stake in ITC to 14.51 per cent at the end of the June quarter, up from 14.21 per cent seen at the end of March quarter
 "ITC hits new high on heavy volumes; enters Rs 6-trillion market cap club")
ITC hits new high, up for the 5th straight day; soars 32% so far in 2023
Analysts raised their cigarette volumes growth estimate for FY24E considering market share gains from illicit cigarettes as well as strong growth in high price cigarettes.
ITC Q3 net profit rises 23.4% to Rs 5,006 cr on growth across segments
Revenues from the non-cigarettes FMCG segment was at Rs 4,848.95 crore compared to Rs 4,099.47 crore
 "ITC Q3 net profit rises 23.4% to Rs 5,006 cr on growth across segments")
ITC hits new high in a subdued market; zooms 63% thus far in 2022
Post Q2 results, most brokerages have either recommended a 'buy' and an 'accumulate' rating on ITC with target prices in the range of Rs 365 to Rs 405
 "ITC hits new high in a subdued market; zooms 63% thus far in 2022")
Our Ebitda share from non-cigarette biz at 27%: ITC CMD Sanjiv Puri
As part of the ITC Next strategy, we are making sure that the organisation remains agile, nimble and consumer-centric at all times
 "Our Ebitda share from non-cigarette biz at 27%: ITC CMD Sanjiv Puri")
ITC stock slips despite good performance in September quarter
All analysts are bullish on the firm with target prices ranging from Rs 375 to Rs 490
 "ITC stock slips despite good performance in September quarter")
ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%
The company attributed the performance to strong and broad-based growth across markets and channels
 "ITC Q2 net profit rises 24% to Rs 4,619.77 crore; revenue up 24.4%")
ITC's Q2 net profit up 21% at Rs 4,466 cr as cigarette, snacks sales rise
ITC's standalone revenue from operations rose 27% to Rs 17,160 crore in Q2FY23
